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Listed by Jason Liehr • Beachside Partners
$4,798,000
Est. payment /mo
11,999 SqFt
Pending
1315 Devonshire Drive Oxnard, CA 93030
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Key Details
Property Type Single Family Home
Listing Status Pending
Purchase Type For Sale
Square Footage 11,999 sqft
Price per Sqft $399
Subdivision Oxnard: Other - 0031
MLS Listing ID V1-36716
Year Built 1964
Lot Size 0.340 Acres
Source California Regional Multiple Listing Service (CRMLS)
Property Description
25-unit Oxnard apartment building for sale located on a corner lot near Fremont Square shopping center, several medical clinics and schools as well as bus lines. 1315 Devonshire DR is a 2-story courtyard style property featuring (12) 1BD units and (13) studios along with garage parking. The roof has recently been replaced. Other recent improvements include the installation of seismic shutoff valves on gas meters, 2 new commercial grade water heaters and upgraded cold water line plumbing pipes (pipes were sandblasted and injected with epoxy liner). The site is separately metered for electricity and gas. There is an onsite laundry room and the garages offer ADU conversion potential. Offered at $191k/unit and a 6.2% CAP rate, 10.2 GRM this is a compelling opportunity to own in a strong rental market with additional upside potential in rental rates.
Location
State CA
County Ventura
Area Vc31 - Oxnard - Nw
Interior
Heating Wall Furnace
Fireplaces Type None
Exterior
Parking Features Garage
Garage Spaces 25.0
Pool None
Community Features Biking, Park
View Y/N No
View None
Building
Lot Description Sprinklers None
NEARBY SCHOOL & BUSINESS
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